It's very annoying and distressing but ironically this was always how permissionless economies were going to play out. People we don't like are going to adopt the tech and there's nothing we can do about it. That's just the nature of neutral infrastructure. We don't get to pick and choose and we can't gatekeep anything.
As far as the volatility is concerned that just stems from the market cycle, greed, and a lack of elasticity. I imagine crypto can only fix one of those things.